Investment

A Singapore-based mobile services provider, VivoHub, has selected Tata Communications to turn its VivoBee mobile app into a one-stop suite of mobile services designed to meet the city state's one million migrant workers needs.

Foreign Direct Invest (FDI) has increased to US$60.97 billion in 2017-18 from US$45.15 billion in 2014-15, Minister of State for Commerce and Industry, C. R. Chaudhary, updated parliament in a written reply on 17 Dec 2018.

France is supporting the Indian government’s ambitious plan for the deployment of electrical vehicles by maximizing solar mobility and minimizing its grid impact.

The Cabinet Committee on Economic Affairs construction of a 5.634 km long new 4-lane bridge across river Ganga and 14.5 km road in Bihar. It would cost Rs.2,926.42 crore and completed in three-and-a-half year by January 2023.

S&P Global Ratings has issued a cautious note on the Indian government’s increasing involvement in affairs of the central bank, saying it could undermine the hard-fought improvements in the banking system over the past few years.

The 'Digital India' programme, politics-neutral, centre-state-neutral and ideology-neutral, had resulted in large-scale technology adoption, leading India to be a trillion-dollar digital economy in the next two to three years.

A critical driver for higher growth was competitiveness and the proposed new industrial policy aims to achieve this objective for India, said Ramesh Abhishek, Secretary, Department of Industrial Policy and Promotion (DIPP).

Austrian-Russian companies will be helping out with cable cars and airboats for travelling across hilly areas and over rivers, said Nitin Gadkari, Minister for Road Transport and Highways, Shipping and Water Resources, River Development and Ganga Rejuvenation.

Crisis created by the Non-Banking Financial Institution or Company (NBFC) is going to hold India’s real estate sector at gun-point in 2019, as it did in 2018, a year of veritable roller-coaster ride.

More than 50 Projects with an investment of over Rs.10,000 crore, adding 90 MTPA capacity, are targeted for award during 2018-19 by the Jawaharlal Nehru Port Trust (JNPT), said the Ministry of Shipping.